The purpose of this comprehensive
forecast report presented by Fact.MR is to elaborate the various market
projections impacting the global swine feed
market during the period through 2017-2022. This assessment delivers
high-end statistics concerning market size, growth in trends and revenue share
(US& Mn) linked to different geographies and segmentation types. Readers
can acquire precise insights about market growth trends along with upcoming opportunities
that are expected to reshape the overall structure of the swine feed market during
the forecast period.
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Swine feed plays an important
role in raising pigs successfully. Most pig farm owners are investing heavily
on swine feed to ensure supply of proper nutrition to pigs on a regular basis.
Moreover, swine feed allows pigs to grow quickly as well as keeps their health
at optimum levels by increasing immunity power and resistance to viral
diseases. In modern pig farming, it is crucial to create a planned nutritional
program for the pigs in order to have efficient swine production. Swine feed is
prepared using ingredients such as soybean oil, corn, alfalfa barley, sorghum
and canola, making it a potent source of nutrients. For pigs to grow healthily, it is important
that they receive vital nutrients such as vitamins, protein, minerals, carbohydrates
and water. Swine feed offers most of
these nutrients apart from water. Besides, farmers have the flexibility to mix
additional ingredients or rearrange the proportion of any particular ingredient
present in the feed according to the requirement. This, in turn, allows farmers
to create the best-possible diet for pigs for optimal growth.
Increasing consumption of pork
across the globe is making a direct impact on the global demand for swine feed.
At the same time, growing demand for high quality pork is also contributing to
the global sales of swine feed. As per the latest report published by FactMR,
the global swine feed market is set to register a steady growth between 2017
and 2022 to surpass a valuation of US$ 160,100 Mn. Growing awareness among farm
owners regarding healthy pig diets is also reflecting favourably on the global
swine feed market. There has been greater urgency to introduce high-quality and
more effective animal feeds that improve the immunity of farm animals against
enzootic disorders.
The market for swine feed is
expected to remain highly lucrative in the Asia-Pacific excluding Japan (APEJ)
region during the forecast period. In APEJ, China accounts for a significant
share of the market on account of being one of the largest producers of pork in
the world. Also, demand for swine feed
is expected to increase at a steady pace in countries such as Philippines,
Thailand, and Vietnam. Meanwhile, North America and Europe are two leading
markets for swine feed as consumption of pork remains high in these regions.
Starter diets will continue to
hold the top position throughout the assessment period. Currently, starter
diets represent more than one-fourth share of the global market in terms of
revenue. Towards the end of 2022, over US$ 42,770 Mn worth starter diets are
expected to soled worldwide. Demand for wheat for preparation of swine feed is
likely to remain relatively high as compared to other feed ingredients. Wheat
currently command for close to 22% revenue share of the global market. Global
sales of wheat for preparation of swine feed is estimated to bring in over US$
36,370 Mn in revenues by 2022-end.
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Competition Tracking
Some of the key companies
functioning in the global swine feed market include Alltech Inc., Archer
Daniels Midland Company, Charoen Pokphand Foods PCL, Cargill Inc., Koninklijke
DSM N.V., Nutreco N.V., Ridley Corporation Limited, Kent Nutrition Group Inc.,
Purina Animal Nutrition LLC., and BENEO GmbH.
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